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20121108
20121116
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KQEH (PBS) 17
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English 17
Search Results 0 to 16 of about 17 (some duplicates have been removed)
PBS
Nov 8, 2012 6:30pm PST
the economy into a recession. and late today, a top credit rating agency puts the odds of going off the cliff at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, extending yesterday's sharp losses. the dow closed down 121 points, the nasdaq lost 41, and the s&p was off 17. t
PBS
Nov 13, 2012 6:30pm PST
. tom will be along later in the program. congress officially gets back to preventing the u.s. economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and g
PBS
Nov 8, 2012 12:00am PST
funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
PBS
Nov 12, 2012 6:30pm PST
credit rating on u.s. debt. right now moody's has a negative outlook on the u.s. economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at the quarter, and a look ahead. >> reporter: earnings season is drawing to a close. and for many firms it's good riddance. nearly all of the s&p 500 have reported quarterly numbers, and according to s&p capital i.q., profits are up a measly 2%. thomson reuters and factset crunch the numbers slightly differently, and believe profits are actually down. the bigger concern is revenue growth. s&p has the most optimistic analysis with a 0.6% gain. the other two firms see negative growth. firms face an almost universal problem: a slow
PBS
Nov 9, 2012 12:00am PST
on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved econ performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with the election over, there's new talk in washington about finally coming to grips with taxes, spending and the deficit. the mammoth problem has been hanging over congress and president for many months, and now, time is running out. in just five days, lawmakers troop back to the capitol for a final, lame-duck session. and they are under mounting pressure to avoid going off the much-talked-about fiscal cliff. come january 1, the bush-era tax cuts will expire as will a 2% payroll tax cut that was passed in december of 2010. at the same time, large automatic sp
PBS
Nov 7, 2012 6:30pm PST
-product of growing our economy, energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: democratic senate leader harry reid also says he wants a quick fix for the fiscal cliff. but, he was clearly feeling empowered by a strong showing in the election. >> i want to work together, but i want everyone to understand you can't push us around. >> reporter: and raising taxes on the well-off is clearly a top priority. >> all the exit polling, all the polling we've done, the vast majority of the american people support that, including rich people. >> reporter: many republicans see the election as more of a return to the status quo and that will make negotiations on the fiscal cliff tricky. >> the discussion around taxes will have to be calibrated in a way that recognizes that there are certain red lines for both parties that probably will not be crossed. >> reporter: now that the election is over, policy makers are likely to feel more pressure to reach an agreement to ease the fiscal cliff. the public clearly does not like the automatic spending cuts that ar
PBS
Nov 14, 2012 6:30pm PST
into a difficult first quarter in terms of the economy next year. so this is almost a situation where you can't hope for or root for any outcome. you have to let it play out and assess what its impact on the economy can be. but the risks right now are to the downside. the sad thing is that as we speak, the economy is actually doing pretty well. >> susie: that's good to hear. as you know, a number of very high-profile c.e.o.s are meeting with the president at the white house today, the c.e.o.s from companies like ibm and xerox and general electric. how much sway do you think these c.e.o.s have over the president? >> if he is smart, he'll listen to them. but that is not the constituenconstituency will eled him. the coalition that elected him supports his hard line on taxes as a percentage of the total package, and he has an obligation -- incidentally, i think an ideological belief that he has to go that way, and that's -- i think that raises the odds of a difficult -- a very difficult period here politically. and while he loyc listens to them and went through the theatrics of having met with th
PBS
Nov 9, 2012 6:30pm PST
monitor is watching the fiscal cliff, but thinks the economy and the stock market will continue gaining strength. russell investment's erik ristuben joins us. >> tom: next friday's meeting at the white house over the fiscal cliff comes as credit rating agency standard and poors put the odds of going over the cliff at 15%. beth ann bovino, senior economist at standard and poor's joins us. beth anne, did you hear anything today from either the president or house speaker that gives you more or less hope about a deal before the end of the year? >> well it sounded that both the president and boehner seemed to be a little bit more interested in working together. now, again this is just one day after the election. so let's see if that holds up. it does look like there are a few olive branches out there. we'll see if it continues. >> putting the odds at one in seven, one in eight we could still go over the cliff. cow agree that that will plunge the u.s. economy into recession and an unemployment rate back over 9%. >> i'm about in agreement with them. i think there are a few details i'm looking
PBS
Nov 10, 2012 12:00am PST
,000 a year. and that makes no sense. it would be bad for the economy and it would hit families that are already struggling to make ends meet. fortunately, we shouldn't need long negotiations or drama to solve that part of the problem. while there may be disagreement in congress over whether or not to raise taxes on folks making over $250,000 a year, nobody-- not republicans, not democrats-- want taxes to go up for folks making under $250,000 a year. so let's not wait. even as we're negotiating a broader deficit reduction package, let's extend the middle-class tax cuts right now. let's do that right now. ( applause ) that one step, that one step would give millions of families, 98% of americans and 97% of small businesses, the certainty that they need going into the new year. it would immediately take a huge chunk of the economic uncertainty off the table. and that will lead to new jobs and faster growth. business will know that consumers, they're not going to see a big tax increase. they'll know that most small businesses won't see this increase. and so, a lot of uncertainty th
PBS
Nov 14, 2012 12:00am PST
provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> intel. sponsors of tomorrow. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the investigation that felled the head of the c.i.a. has expanded, to include a high- ranking u.s. military figure. that news rippled outward from the pentagon today, and across official washington. the name of u.s. marine general john allen, the top american commander in afghanistan, surfaced overnight in the scandal that began friday with david petraeus resigning at c.i.a. director. unnamed defense officials say the military is now investigating possibly, quote, inappropriate communications between allen and tampa socialite jill kelley. she had reported getting harassing emails from another woman, pa
PBS
Nov 15, 2012 12:00am PST
economy can't afford that right now. certainly no middle-class family can afford that right now. >> reporter: mr. obama signed legislation extending the bush- era tax cuts two years ago, including those affecting the wealthy, but he said today things are different this time. >> well, two years ago, the economy was in a different situation. we were still very much in the early parts of recovering from the worst economic crisis since the great depression. but what i said at the time is what i meant, which is this was a one-time proposition. and you know, what i have told leaders privately as well as publicly is that we cannot afford to extend the bush tax cuts for the wealthy. what we can do is make sure that middle-class taxes don't go up. mandate, i've got one mandate. i've got a mandate to help middle-class families and families that are working hard to try to get into the middle class. that's my mandate. that's what the american people said. they said, "work really hard to help us." that's my mandate. i don't presume that because i won an election, that everybody suddenly agre
PBS
Nov 9, 2012 11:00pm PST
folks to do in order to thrive in a changing economy, you've got to do that by having relationships, by being embedded in stable communities. and in my opinion the really big issue is that when you look at mass incarceration, when you look at a lot of other social changes, when you look at family breakdown, i think that these are things that are kind of like an undertow that is shaping what we're seeing happening above the surface and i think the problem is that policy has a hard time dealing with some of these things. it can make a big difference on, for example we can throw fewer people in jail and destroy fewer communities and fewer lives that way. >> california just took steps to weaken their three strikes and you're out policy. that's a step in the right direction. >> and you also have folks on both sides of the political aisle who are making progress on that. >> but in terms of washington politics it looks to me as if all the blood, sweat and tears of this campaign, all those billions of dollars ended up with the status quo. the republican leadership in washington said the day
PBS
Nov 13, 2012 12:00am PST
than 70 million americans. that's health in numbers. united healthcare. moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the downfall of david petraeus showed no sign of fading into the background today. instead, there was every indication that his admission of adultery will echo far beyond the end of his career at the c.i.a. >> a personal scandal forces c.i.a. director david petraeus to... >> i want to start out with this out of the blue thunder bolt that hit washington friday. >> brown: all weekend in washington the details kept coming along with more questions. after david petraeus' sudden resignation on friday because he had had an extra marital affair quickly revealed to involve h
Search Results 0 to 16 of about 17 (some duplicates have been removed)